Forex News 24
  • RSS

news

Wall Street is braced for starting higher as inflation worries relieve

Wall Street is braced for starting higher as inflation worries relieve
админ
12/03/2018
Wall Street  300x182 - Wall Street is braced for starting higher as inflation worries relieve

On Monday, American stock index futures demonstrated a higher start, building on revenues from the previous week’s firm February jobs data, which softened worries of soaring inflation as well as faster interest rate lifts.

On Friday, Wall Street’s key indexes concluded up almost 2% after data disclosed that American job additions in February soared by a firm clip, although wage surge turned to be sluggish.

Investors in American short-term interest-rate futures kept bets the US major financial institution will stick to three rate lifts in 2018.

In February, the financial markets were gripped by worries of higher wages causing price pressures, in turn provoking a selloff, which affected the stock market’s sturdy soar in 2018.

The S&P 500 was 3% below the record maximums reached on January 26. Meanwhile, the Dow rebounded 4.8% from its maximum.

Rapid jump in technology equities have already drove the Nasdaq back to its record values.

The previous week’s revenues were also underpinned by Donald Trump’s less radical stance on his decision to impose import duties on aluminum and steel by exempting such countries as Mexico and Canada.

Dow e-minis acquired 100 points. S&P 500 e-minis headed north 0.36%, Nasdaq 100 e-minis soared 0.59%.

Market participants are going to pore over another round of data on retail sales and consumer prices due this week for further clues of soaring price pressure.

Among equities, stocks of Orexigen Therapeutics went down approximately 70% in premarket trade right after the drugmaker dared to file for Chapter 11 bankruptcy protection. Besides this, Lumentum Holdings went up 5.5% after the laser as well as optical fiber specialist told that it would purchase optical components maker Oclaro for approximately $1.7 billion in a cash and also stock deal. As a result, Oclaro rallied 25%.

Source

Related Itemsamericanconsumer pricesequitiesfinancial institutionfinancial marketsfuturesinflationinterest rateInvestorsmarketmarketsmaximumNasdaq 100pricerateretailretail salessalesstock markettradeTrumpUSWall Street

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
12/03/2018
админ
Related Itemsamericanconsumer pricesequitiesfinancial institutionfinancial marketsfuturesinflationinterest rateInvestorsmarketmarketsmaximumNasdaq 100pricerateretailretail salessalesstock markettradeTrumpUSWall Street

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Goldman Sachs Notice To India-based Crypto Exchange For Trademark Violation
Bitcoin approaches $10,000 as regulation worries relive